GSSG Partners with Octave Japan Co., Ltd. for Asset Management of Solar Portfolio; Adds Dedicated Resource
TOKYO, May 14, 2015 /PRNewswire/ -- GSSG Solar, LLC announced today a new partnership with Octave Japan Co., Ltd. for the asset management of GSSG's growing portfolio of solar projects in Japan. GSSG Solar is a full service solar investment and financial advisory firm comprised of a select team of experts with solar and financial service backgrounds. The firm manages funds designed to generate capital appreciation through select investments in high quality solar projects worldwide. GSSG has had a presence in the Japanese solar market for over two years and currently controls 127 MW across three utility-scale projects.
Octave Japan Co., Ltd. is an asset management firm that specializes in real asset management for top-tier global institutional investors. The partnership enables both firms to capitalize on their complementary skills and experience for optimal performance of GSSG's existing and future portfolio.
The two partnering firms are pleased to announce that Yujiro Hirayama has joined the Octave Japan team as Managing Director out of the firm's Tokyo office. Octave has hired Yujiro as a resource dedicated to GSSG, where he will focus on navigating local financing, development, and partner discussions for GSSG's existing Japanese portfolio of utility scale solar projects as well as the continued growth of the firm's pipeline of solar projects.
"Mr. Hirayama's experience in international finance, and particularly his expertise in revenue-generating real assets, will be a vital addition to GSSG's ongoing efforts as we pursue the optimal value of our fleet of solar projects in Japan. The partnership with Octave Japan comes at an exciting time as we continue to ramp up our commitment to the Japanese solar market," said Tomakin Archambault, CEO and Managing Director at GSSG Solar. "Our significant investments in Japan to-date warrant the expansion of our team through this partnership. As I've come to know and work with Yujiro and the rest of the Octave Japan team, I am confident that they are an accretive addition to our efforts and will be key in achieving our investment goals in the exciting Japanese solar market."
"We are delighted to be partnering with GSSG Solar in their impressive efforts to become the leading solar developer, investor, and asset manager in Japan," said Michael Kim, Representative Director of Octave Japan. "The addition of Hirayama-san to our team at Octave Japan is a critical and exciting step in our growing relationship with GSSG Solar as well as our asset management business more broadly."
Yujiro was formerly a Deputy General Manager at Development Bank of Japan where he oversaw a team that managed a portfolio of real estate, railroad, and construction assets. Previously, he held positions with MBIA Insurance Corporation and Bank of Tokyo Mitsubishi UFJ, Ltd., located in New York and Tokyo, respectively.